Morse Asset Management Inc lessened its stake in shares of Ingersoll-Rand PLC (Ireland) (NYSE:IR) by 17.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,426 shares of the industrial products company’s stock after selling 5,535 shares during the quarter. Morse Asset Management Inc’s holdings in Ingersoll-Rand PLC (Ireland) were worth $2,356,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Csenge Advisory Group purchased a new stake in Ingersoll-Rand PLC (Ireland) in the 3rd quarter valued at $568,000. Andra AP fonden raised its position in Ingersoll-Rand PLC (Ireland) by 0.9% in the 3rd quarter. Andra AP fonden now owns 70,100 shares of the industrial products company’s stock valued at $6,251,000 after purchasing an additional 600 shares during the last quarter. Seizert Capital Partners LLC raised its position in Ingersoll-Rand PLC (Ireland) by 23.1% in the 3rd quarter. Seizert Capital Partners LLC now owns 299,798 shares of the industrial products company’s stock valued at $26,733,000 after purchasing an additional 56,324 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in Ingersoll-Rand PLC (Ireland) by 20.2% in the 3rd quarter. Tocqueville Asset Management L.P. now owns 6,790 shares of the industrial products company’s stock valued at $605,000 after purchasing an additional 1,140 shares during the last quarter. Finally, ARP Americas LLC purchased a new stake in Ingersoll-Rand PLC (Ireland) in the 3rd quarter valued at $446,000. Institutional investors and hedge funds own 80.71% of the company’s stock.

A number of equities analysts have commented on IR shares. Zacks Investment Research downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Stifel Nicolaus cut their price objective on shares of Ingersoll-Rand PLC (Ireland) from $103.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, September 13th. Bank of America Corporation downgraded shares of Ingersoll-Rand PLC (Ireland) from a “buy” rating to a “neutral” rating and set a $96.00 price objective for the company. in a research report on Tuesday, October 17th. Robert W. Baird set a $98.00 price objective on shares of Ingersoll-Rand PLC (Ireland) and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, BidaskClub downgraded shares of Ingersoll-Rand PLC (Ireland) from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.18.

Ingersoll-Rand PLC (Ireland) (NYSE:IR) last posted its earnings results on Wednesday, October 25th. The industrial products company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.01. Ingersoll-Rand PLC (Ireland) had a return on equity of 16.65% and a net margin of 7.47%. The company had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $3.71 billion. During the same period last year, the business posted $1.41 earnings per share. The firm’s quarterly revenue was up 2.9% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, December 7th. Ingersoll-Rand PLC (Ireland)’s dividend payout ratio is currently 44.89%.

In related news, EVP Didier P. Teirlinck sold 26,174 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $86.10, for a total transaction of $2,253,581.40. Following the sale, the executive vice president now directly owns 131,129 shares in the company, valued at $11,290,206.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard J. Swift sold 2,500 shares of Ingersoll-Rand PLC (Ireland) stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $88.03, for a total transaction of $220,075.00. Following the sale, the director now owns 65,932 shares in the company, valued at $5,803,993.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,231 shares of company stock worth $4,796,111. Company insiders own 0.65% of the company’s stock.

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Ingersoll-Rand PLC (Ireland) Profile

Ingersoll-Rand Public Limited Company provides products, services and solutions to improve the quality and comfort of air in homes and buildings, transport and protect food and perishables. The Company’s business segments include Climate and Industrial. It is engaged in the design, manufacture, sale and service of a portfolio of industrial and commercial products that include brand names, such as Ingersoll-Rand, Trane, American Standard, ARO and Club Car.

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Institutional Ownership by Quarter for Ingersoll-Rand PLC (Ireland) (NYSE:IR)

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